Following is the statement of financial position of ABC Partnership before realization of assets on July 1, 2020: Cash Accounts receivable Inventory 10,000 Liabilities 28,000 A, 50,000 45,000 Capital B. 30,000 27,000 Capital C 60,000 50,000 Capital 150,000 Total 150,000 Equipment Total The partners share income 30:30:40, respectively. On July 2, the partnership liquidated, 50% of the receivables are collected and that inventory is sold for 15,000. Equipment is sold for 40,000. How much is to be distributed to B? A, B and C decided to liquidate their partnership on July 31, 2020. Their capital balances and profit and loss ratio are as follows: Partner Capital balances Profit/loss ratio A 100,000 40% | 120,000 30% | 40,000 30% From January 1, 2020 to July 31, 2020 the partnership had a net loss of ten thousand, which is not yet reflected in the capital balances. On July 31, 2020 before realization the balance of cash is 50,000 and that of liabilities is 100,000. For A to receive 80,000 in the settlement of his interest upon liquidation, how much should be the cash proceeds